Disadvantages of Most Cryptocurrency bots
Initially, bots appeared that simply notified about changes in the market. The user had to decide for himself how and when to conduct transactions. In fact, the bot was a kind of "alarm clock" that says that now the cryptocurrency has decreased in price or has begun to grow.
However, all other features remained on the user. He himself had to decide whether it was beneficial when there was an entry or exit point, etc. Such bots did not give a result of at least 50%, since everything depended on the experience and knowledge of the user himself.
Later, algorithmic cryptobots appeared. They allow you to automate trading. To do this, you need to enter a number of parameters. However, here, as in the past, much depends on the person himself. At the same time, the user needs to monitor the market 24/7 in order to stop the work of the cryptocurrency bot in time and reconfigure it. Otherwise, the program will operate according to settings that are no longer effective in relation to the market situation.
Also, most algorithmic cryptobots have a significant drawback. The algorithm is created by the developers themselves, and therefore their effectiveness is unknown. The user does not know what the bot is targeting and how it will behave at one time or another.
Another disadvantage of such bots is their narrow activity. They work with one crypto exchange and a wallet. The administration sets limits on the number of bots running. As a result, it becomes extremely difficult and costly to diversify trade. After all, you either need to create separate accounts, or look for third-party sites. At the same time
GRIN4 trading bot: what features does it have
The above disadvantages have been eliminated in the bot from the GRIN4 ecosystem. Here the user is provided with an extensive functionality of settings. The algorithm is selected based on them.
Therefore, the user independently determines the trading strategy. The administration has created all the conditions for this. As a last resort, if the user is inexperienced and knows little about trading, SMART templates are provided to him. They have settings of strategies that have already proven their effectiveness. The user's task is to set the limits by which the bot will work. Everything else is already actually set up.
This was the first feature. The second is that there are no restrictions on working with cryptocurrency exchanges. At the moment, 6 sites are connected to the ecosystem, which have a huge turnover and a positive reputation. We are talking about Kraken, Binance, Bybit, Huobi, OKX and Gate.io . It is also possible to add another exchange. To do this, it is enough to contact technical support with a corresponding request.
The third feature is that there are no restrictions on the number of bots. If desired, you can create at least a dozen of them, and they will work in different directions.
At the same time, the bot can trade simultaneously with several exchanges, playing on the difference in cryptocurrency assets. Thanks to this, the profit is maximized.
Also among the features it is worth highlighting the protective mechanisms against the loss of the deposit. A grid of orders is used for this. Take profits and stop losses. Set them up and the bot will not be able to fail the deposit in any way. This minimizes the risk of losing your funds.
The GRIN4 ecosystem: a number of advantages that are difficult to give up
In addition to the fact that the bot has a lot of advantages, the ecosystem has some advantages. They are extremely convenient and profitable for users. Among them it is worth highlighting:
- Ensuring confidentiality. No personal information is required from the user. An email is sufficient for registration. To subscribe, you need to use the USDT stablecoin. Therefore, you do not advertise your name or other important data anywhere. Bank cards are also not used here.
- All in one. Successful trading requires not only a cryptobot, but also high-quality analytics. Therefore, GRIN4 launched a terminal that has more than 20 technical indicators. You can use them to analyze the market, find entry and exit points, determine market movement and trend strength. These indicators are also used by the cryptocurrency bot for trading. In the settings, you specify what exactly the program should focus on.
- Complete security. The platform does not collect any user data. Trading is carried out using crypto wallets that you connect to the system and API keys for working with the exchange. The internal gRIN4 wallet is non-custodial. Also, the platform does not collect cookies. This provides full protection. After all, there is not even a database of ecosystem participants. Attackers, even if hacked, will not be able to gain access to your funds or any personal information.
The ecosystem itself is actually free. The only exception is for a cryptocurrency bot. The user must either pay 25% of the profit received, or subscribe. In annual terms, it will cost only a dollar a day. Even novice traders can afford it.
